Here's the basics:
- Long-term prediction likely 2-3 weeks before first target would be reached - note the dates on the bottom - this isn't a short call.
- Fib retracement: QSP has bounced down to the 0.618 level, likely bounce upwards as this has been resistance in the past numerous times. For a true breakout we need to go through the next Fib level 0.5 and out of the triangle.
- Elliot waves: wave 1 goes to the edge of the triangle, small retracement with wave 2, and wave 3 will be the money.
- Descending triangle - continuation pattern - breakout from the triangle will give an increase the size of the flagpole shown in red.